Question

A,Band C are partners sharing profit and the losses in the ratio of 2:3:5, on 1st july 2015 Aand B granted loans of 2lakh and 1 lakh respectively to the firm . show the distribution of profit and losses for the year ended 31st march ,2016 in the following cases (a) if the profit before intrest for the year amounted to rs 7500. (b) if the loss before intrest for the year amounted to 7500​

Answer 1

hope this may help help u

Answer 2

Explanation:

profit and loss app account simple way

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